Lake Village, AR
Full City Profile · Arkansas · Chicot County County
Lake Village, AR
At a Glance
How Lake Village Compares to the U.S. Average
Each bar shows Lake Village's value as a percentage of the national average (100% = U.S. avg)
Is Lake Village a Good Place to Live?
Economy & Jobs
Lake Village residents earn a median household income of $44,803 , which is 40% below the national average of $75,149. Per capita income is $24,477. The unemployment rate stands at 7.7% (114% above the U.S. rate of 3.6%). 14.5% of residents live below the poverty line. The area is home to 350 business establishments, including 15 restaurants.
Housing & Cost of Living
The median home value in Lake Village is $120,200 , 57% below the national median of $281,900. Zillow estimates the typical home at $175,517. Median rent is $850/month, with 26.1% of renters spending more than 30% of income on housing. The cost of living index is 86.9 (100 = national average). The median home was built in 1978.
Safety & Crime
Lake Village reports 429 violent crimes per 100,000 residents , which is 13% above the national average of 380/100K. Property crime is 3,162/100K.
Education
21.4% of adults in Lake Village hold a bachelor's degree or higher (36% below the national average). 86.3% have completed high school. Local schools score 3.6/10 in standardized testing.
Climate & Weather
Lake Village has an average annual temperature of 64°F (18°C). Winters average 44°F in January while summers reach 82°F in July. Annual precipitation totals 56.4 inches.